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Oil is world’s number one energy source and it is also a complementary good for utterly everything that we can buy. This is the reason why an oil price increase could be reflected in rising prices of all goods. It is intriguing to observe...
Election campaigns are like New Year’s resolutions – many things are promised, a fraction of them are implemented. One is almost shocked when some evidently populist program points are still discussed, or even about to be implemented after...
In 2013, Civil Development Forum added estimates of implicit public debt to the Public Debt Clock, which was launched three years ago. Our decision to display the value of implicit public debt was induced by the introduction of the European...
We already know that the ECB is prepared to use the so-called OMT mechanism to buy on secondary markets government bonds in trouble. The only thing we know is that the ECB is prepared, but specific details have never been revealed to the public....
Haiyan is the name of the biggest hurricane ever that has reached the Philippines this week. According to experts, there is almost no structure built on the Philippines that can withstand winds like that. We know natural disasters very well,...
Germany wants to make it big. By the year 2050, German government aims to have achieved an 80 percent target for electricity supply from renewable energy sources. As stated by German Government, the resulting new energy system also has to be...
On 7th November some German newspapers presented a so-called “study“ which argues that Germany ranks eighth in the world as a tax haven. This is obviously very surprising. Instead of quoting this “investigation“ and using it for policy...
Polish Prime Minister, Donald Tusk, wants to nationalize people’s private pension funds. Is it possible to prevent him from taking this dreadful step? In 1999 Poland, like Hungary and other central European countries, moved from a traditional...
Ever since the start of the financial crisis, Slovakia has been having serious problems with the sustainability of its public finances. Public revenues have been falling down or stagnating, but public expenses have continued to rise. As a result,...
The future of the present monetary system, or the future of money as we know it today, is a very hot topic, especially if we look at actions of the most important central banks all over the globe. Their present actions are consequences of the...
